Nigeria's federal government is considering a new tax-credit scheme, the Economic Development Incentive (EDI), as an alternative to traditional tax holidays, Finance Minister Taiwo Oyedele said at an investor event in Bangkok. Qualifying investors will have to meet certain conditions, and Oyedele said the government cannot guarantee that investments will be tax-exempt, though clearer rules are needed for different asset classes and business activities. Central Bank Governor Olayemi Cardoso said inflation has fallen from 34–35% to about 15%, with a medium-term target of single digits, while external reserves are the highest in 18 years. The finance ministry is also working with the National Bureau of Statistics to improve data, including employment statistics and a producer price index.
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ASSOCHAM called for further tax rationalisation and simpler tax rules to attract stable, long-term foreign investment, welcoming recent RBI and Finance Ministry steps to bolster investor confidence amid rupee volatility and FPI flow swings. It welcomed the Income-tax Amendment Ordinance, 2026, which exempts FPI investments in government securities from tax on interest and capital gains from April 1, 2026, and Finance Minister Nirmala Sitharaman's remarks that the government wants investor views on long-term capital gains tax and securities transaction tax ahead of the 2027-28 Union Budget. The group cited RBI measures that helped the rupee recover nearly 2% from recent lows, and suggested considering SBI Research's proposal to extend long-term equity holdings to two to three years with incentives. It said global factors such as high US bond yields, elevated crude prices and capital shifting toward AI had driven FPI volatility.
- ASSOCHAM calls for tax simplification , long - term holding incentives to strengthen capital flows
ASSOCHAM urged further tax rationalisation and simpler tax rules to attract stable long-term foreign investment, and welcomed RBI and Finance Ministry measures to support the rupee and investor confidence amid FPI volatility. It welcomed the Income-tax Amendment Ordinance, 2026, which exempts FPI investments in government securities from tax on interest and capital gains from April 1, 2026. The body also suggested extending the definition of long-term equity holdings to two to three years with incentives, and welcomed the government's willingness to hear investor views on LTCG and STT ahead of the Union Budget 2027-28. It said high US bond yields, elevated crude prices and a shift of capital toward AI had contributed to FPI volatility.
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Industry body ASSOCHAM called for further tax rationalisation and simpler tax rules to attract stable, long-term foreign investment, welcoming recent RBI and Finance Ministry measures to bolster investor confidence amid rupee volatility and FPI flows. It welcomed the Income-tax Amendment Ordinance, 2026, which exempts FPI investments in government securities from tax on interest and capital gains from April 1, 2026. ASSOCHAM also backed considering SBI Research's proposal to extend long-term equity holding definitions to two-three years with incentives, and welcomed Finance Minister Nirmala Sitharaman's remarks that the government wants investor views on LTCG and STT ahead of the Union Budget 2027-28. The group said RBI measures helped the rupee recover nearly 2 per cent from recent lows, and pointed to foreign exchange reserves and the RBI's 7.1 per cent GDP growth projection for FY27 as signs of economic strength.
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